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The conflict in the Ukraine has attracted a great deal of attention for its geo-strategic implications. Less noticed have been the economic implications. The sanctions placed on Russia have forced Russia to become even closer to China, and the alliance between a military superpower and an economic superpower is beginning to split the global economy in two. It may come to represent the biggest geo-economic and geo-political shift of the first half of this century, defining much of the future landscape.

The inner sanctum of the Prime Minister’s office, filled with smoke. DON DRAPER sits in a chair, cigarette in one hand, tumbler of Scotch in the other.
Across, Prime Minister TONY ABBOTT. Around them, members of his cabinet.
GREG HUNT (coughing weakly): We really don't allow smoking in here.
CHRISTOPHER PYNE: Plus, how do you still look so good? It’s 2015.
Draper turns Pyne's way. His eyes glitter like steel.
DON: Really, that's what you want to talk about right now, my looks?
TONY: Now listen, Don, I did it all just like you said. Pushed up the spill motion to keep the momentum from building, said I would be more consultative, got on with the business of governing. And yet two weeks later ... Read more

Sanctions against Russia have pushed Russia and China much closer together. Russia is set to provide two fifths of China’s gas needs after the completion of two massive pipelines. This will easily replace what they have lost in supplying Europe and deliver what the Chinese most crave: security of supply. Meanwhile, Russia has cut off 60 per cent of its supplies of gas into Europe, re-routing it to Turkey, and saying that Europe will have to build its own infrastructure to transport it to the Continent.

After years of writing pain-at-the-pump puns, journalists are giddy at the prospect of prices heading south for once. The low price is a boon for motorists and regional tourism operators. But it won't change the face that we've hit 'peak car' and are driving less. Young people now prize access over ownership.

Queensland’s new premier is a plain-spoken, modest woman with a ‘foreign’ name. She was triumphant after the self-confident three year reign of Campbell Newman. Tony Abbott also did his bit for the Queensland result, as a man of power who characteristically overreaches and is yet to learn the lesson that the right to rule has to be earned, every day, from the people.

It is no coincidence that Pope Francis chose to visit the Philippines before he releases his encyclical on the environment, and that he made a point of visiting Tacloban, which was ground zero for super typhoon Haiyan. This follows the recent UN climate talks in Lima, where Australian negotiators so regularly blocked consensus that they won us the 'colossal fossil' award for 2014 from environmental observers.

Jacqui Lambie has resigned from the Palmer United Party, apologising to the nation for weeks of acrimonious sniping and instability in parliament. We can understand the hostility of the major parties, and even the Greens, to independent and PUP senators who took office mid-year. But it is not in their self-interest to try to exploit differences and to weaken and destabilise the newbie senators.

Abbott's best G20 moment was his closing media conference, where he gave an outlined the meeting's achievement of a 2.1 per cent global economic growth plan over the next few years. But on two important matters – climate change and Ebola - the dynamic of the meeting got out of his control and produced outcomes clearly not to his liking. Abbott's counter-strategy – quite successful in retrospect – was to set media hounds running to the side-drama of Vladimir Putin.

The Murdoch press was reporting on Friday that Australian warships had been dispatched to 'intercept' the Russian flotilla 'steaming towards the G20 summit in Brisbane'. Serious heads needed to prevail for the G20 to maintain its relevance and Australia its credentials to host important events that do not concern sport. The Brisbane G20 had an opportunity build on the climate change action momentum established at APEC, or yield to the new climate deniers who don't accept that renewable energy is also good for economic growth.

There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity.

The fish, ferocious like the eerie bird … challenges me to take it out of the water. … The thought of chucking it down from the heights, and sinking it into the unknown abyss, causes me to break out in a cold sweat. … Its mouth open … as if it had broken its vocal cord, reminding me of one night, when a kid, lost on the road, was crying, imperceptibly, in the darkness, half-visible, walking alone.

Buying coffee. Newspaper reads 'Jennifer Aniston is reportedly spending $20,000 a month on beauty treatments'. Next, the Herald covers her age, her profession and her interests. The girl in front of me cradles her latte as she nudges and tugs a carbon-fibre-framed stroller and purrs with concern for Jennifer.